As we reported earlier, the racing version of Jim Glickenhaus's wicked Ferrari P4/5 is currently under construction and set to compete in next year's 24-hours of the Nürburgring. Glickenhaus recently emailed us this rendering and a few key details.

The racing version of Jim Glickenhaus' custom, Pininfarina-penned Ferrari P4/5 is no longer…
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We don't know much about the current state of the project other than the fact that it appears to be progressing as planned, and that hanging an F430 from the ceiling is the best way to place it on a calibrated surface plate for measurement. If gossip is to be believed, the FIA has classed the P4/5 in the same experimental competition grouping as Porsche's upcoming 918 Spyder (?!) and current 911 Hybrid. Cue applause.